North America

After violence erupted near Guadalajara following a military operation in which cartel leader Nemesio Oseguera was killed, FIFA monitored the situation in the city that will host the World Cup in 2026. According to the Defense Ministry, Oseguera was injured during a special force operation in Jalisco, Mexico, on the Pacific coast. He died in custody. A FIFA Mexico spokesperson said: "We are constantly in communication with the authorities and closely monitor the situation in Jalisco." We will continue to follow actions and directions of the various government agencies aimed at maintaining the public safety and restoring the normalcy. And...

Spirit Airlines, a low-cost airline in the United States, announced?on?Tuesday that it had reached an agreement with its lenders which will allow it to emerge from bankruptcy before late spring or early summer. Spirit Aviation Holdings, the parent company of the?airline, filed for bankruptcy a second time this August, citing declining cash reserves and mounting loss. Spirit now has a more clear path to survival, despite the challenges, after months of uncertainty and creditor disputes, as well as failed mergers and acquisitions. The carrier is 'racing' to reduce costs and secure liquidity to avoid a liquidation that could wipe out...

The Trump administration's revised tariff regime, which was implemented on Tuesday, will benefit Brazilian planemaker Embraer as well as U.S. airlines and the commercial aerospace industry. Aviation attorneys and executives in the industry have urged caution as the White House's policy shifts continue to create uncertainty. According to the annex of President Donald Trump's Executive Order authorizing the tariff, commercial aircraft, engines, and?aerospace components?will be exempted from the temporary 10% worldwide import duty. He later announced that the levy would increase to 15%. It was announced as a replacement for tariffs which were struck down by the U.S. Supreme Court...

The Pentagon announced?on Tuesday that U.S. forces had intercepted a sanctioned tanker in the Indian Ocean, after tracing it from Caribbean waters. This was the third interception in this region. Washington has stepped up its blockade of vessels going to or from Venezuela, a South American member of OPEC, after capturing 'Venezuelan president Nicolas Maduro during a military savage last month. The U.S. Department of Defense announced in a post to X that its forces had boarded Bertha over night. The crude oil tanker was accused of trying to defy Iran sanctions. According to the Office of Foreign Assets Control...

The Trump administration's revised tariff regime, which was implemented on Tuesday by the Trump Administration, will benefit Brazilian planemaker Embraer as well as U.S. Airlines and the commercial aerospace industry. Aviation attorneys and industry executives warned that the White House's policy was still changing, creating uncertainty. According to the annex of President Donald Trump's Executive Order authorizing the tariff, commercial?aircraft, engines, and aerospace parts will be exempted from a?temporary? 10% global import duty. He later announced that the levy would increase to 15%. It was announced as a replacement for tariffs which were struck down by the U.S. Supreme Court...

Industry sources claim that the cost of shipping crude oil has risen?to its highest level in six years. This is due to a surge of crude exports out of the Middle East, as traders rush to book charters before a possible conflict between the U.S. The cost to hire a very 'large 'crude carrier to transport up to 2,000,000 barrels of crude oil from the Middle East into China has tripled since the beginning of the year, reaching over $170,000 a daily on Tuesday. This is the highest price ever recorded, according to LSEG. Data from shipping analytics company Kpler...

Reynold Hoover, CEO of Los Angeles 2028, gave his?full support to Casey Wasserman on Monday. He said his support is unwavering despite the increased scrutiny after the recent release by U.S.?Justice Department documents related to Jeffrey Epstein. Hoover made his first comments on the issue since Wasserman was mentioned in the documents released late last month. They were also the first remarks since Mayor Los Angeles asked him to resign. The documents contained flirty emails between Wasserman and Ghislaine Maxiwell, a convicted sex-trafficker who is a close Epstein affiliate. Hoover, retired three-star U.S. Army Lieutenant General, said, "The board took...

A company document shows that technical incidents, such as fuel and engine oil leaks, on Air?India flights, reached their highest rate for at least 14 month in January. This highlights the growing pressures placed on the carrier to revamp its operations. Since a fatal crash in which 260 people were killed, India's second-largest carrier has been under the scrutiny of India's safety regulator. Since then, it has reported many safety lapses, and admitted in December that there is a need for "urgent improvements in process discipline and communication as well as compliance culture". Air India reported 1,09 incidents technical per...

Etihad Airways announced a nearly 50% increase in 'net profit' to $698m last year. The 'carrier' said this on Tuesday. Increased capacity supported strong demand throughout markets and lifted the load factor. "We have invested a lot in our product and customer satisfaction. We've grown a lot and added capacity, ?...So, I'd say that it's the combination of all our efforts," CEO Antonoaldo Neves said. The Abu Dhabi airline reported that passenger numbers would increase by 21%, to 22.4 millions in 2025. Its fleet will grow to 127 aircraft, after 29 new jets have been added to the fleet during...

A company document shows that technical incidents, such as fuel and engine oil leaks, on Air India flights, reached the highest rate for at least 14 consecutive months in January. This highlights the growing pressures placed on the carrier to revamp its operations. Since a fatal crash in which 260 people were killed last year, India's second largest?airline is under the scrutiny of India's safety regulator. Since then, it has reported many safety lapses, and admitted in December that there is a need for "urgent improvements in process discipline and communication as well as compliance culture". Air India reported 1,09...

U.S. Airlines are planning to add flights on Tuesday as they deal with thousands of'scrubbed' flights the day after a powerful Northeast winter storm?forced over 8,000 cancellations. The storm Snowfall blanketed the Northeast of the United States, closing roads and canceling school. United Airlines, which was affected by the cancellations on Monday, said that they were planning to increase their operations on Tuesday. However, they warned that conditions "remain challenging". Cirium data as of late afternoon shows that 7% of U.S. flight cancellations are expected on Tuesday. This is down from?over 19% on Monday. Cirium data shows that on a...

Reynold Hoover, CEO of Los Angeles 2028, gave his full support to?Casey Wasserman on Monday. He said his support is unwavering in spite of increased scrutiny after the recent release by the U.S. Justice Department documents?related? to Jeffrey Epstein. Hoover made his 'first' comments on the issue since Wasserman was named in the documents published late last month and since Los Angeles Mayor Antonio Villaraigosa called for him to resign. The documents contained flirty emails from over two decades ago, between Wasserman and Ghislaine Maxiwell, a convicted sex-trafficker who is a close Epstein affiliate. Hoover, retired U.S. Army Lieutenant General,...

Court filings show that the French beauty group L'Oreal, British vacuum'manufacturer Dyson, and contact 'lens manufacturer Bausch + Lomb are the 'latest' corporations to sue the U.S. government for refunds on tariffs paid as part of President Donald Trump's trade emergency measures. This comes days after the U.S. Supreme Court ruled these duties illegal. These cases were filed in the U.S. Court of International Trade on Monday, joining a long list of prominent companies that have sued since Friday's landmark decision. Sol de Janeiro, a U.S. skincare company and fragrance company and global transportation company FedEx also filed complaints in...

?French beauty company L'Oreal, British vacuum maker Dyson, and contact lens manufacturer?Bausch + Lomb are the 'latest' corporations to file a lawsuit for'refunds' of tariffs paid as part of President Donald Trump's trade emergency measures. This comes days after the U.S. Supreme Court ruled that the duties were illegal. These cases were filed in the U.S. Court of International Trade on Monday, joining a long list of notable companies that have sued following Friday's landmark decision. This week, the global transportation company FedEx as well as U.S. skincare company Sol 'de Janeiro filed complaints. Court documents reveal that more than...

The demand for its customs brokerage services helped Expeditors international of Washington to report a profit and revenue in the fourth quarter that exceeded Wall Street expectations. Customs clearance costs have increased as businesses adjust to new tariff rules and comply with compliance requirements. This has boosted demand for brokerage companies like Expeditors and driven up the cost of customs clearance. The demand for customs brokers remained high, reflecting the complexity of the work and the volume. CEO Daniel Wall added that the company planned to increase investments in technology including AI-driven tools to improve efficiency. Wall said that in...

These are the most popular stories from the Wall Street Journal. The Wall Street Journal has not verified the accuracy of these stories. FedEx has filed a lawsuit against the U.S. Government, requesting a refund of all trade duties it paid as a result of President Donald Trump’s tariffs that were enacted in 2018. Todd Snyder,?the administrator winding up Do Kwon’s Terraform Labs, has sued Jane?Street. He claims that the high-speed?trading giant engaged in illegal insider?trading and, ultimately, hastened the collapse of the crypto empire. The bankrupt auto parts supplier First Brands Group has not been able to secure financing...

These are the top business stories from 'The New York Times. These?stories have not been?verified' and 'hasn’t?attested to their accuracy. FedEx is one of the many companies that will be seeking repayments for 'Trumps' emergency tariffs, which were struck down by the Supreme Court. Pentagon summoned 'Anthropic CEO Dario Amedei 'as it presses?the firm to loosen AI restriction for classified military uses, amid broader agreements with xAI & Google. Binance investigators discovered $1.7 billion worth of crypto flows going to entities linked with Iran, but several were suspended later as the exchange moved?to contain any fallout from sanctions violations. (Compiled...

The global transportation company FedEx filed a lawsuit on Monday in the U.S. Court of International Trade, seeking a refund for President Donald Trump's Emergency Tariffs. This is one of the most high-profile moves to recover money since the U.S. Supreme Court ruled the tariffs unconstitutional last week. Trade attorneys expect a flood of lawsuits after the landmark ruling to recover billions. A lower court will still have to work out the recovery process, which complicates matters. The U.S. Supreme Court ruled on Friday that Trump exceeded his authority when he used the International Emergency Economic?Act to impose tariffs against...

The U.S. Supreme Court's decision to overturn emergency tariffs imposed by the White House was a victory for thousands of businesses, but the process of getting refunds is only just beginning. The court's decision could have a long-lasting impact on the global economy. It ruled that President Donald Trump was not allowed to impose broad tariffs against imports under the 1977 International Emergency Economic Powers Act. The corporate world spent months adapting to Trump's constantly changing trade policy, and his use of tariffs to further his agenda. Not only to address trade issues, but also to attack other governments policies...

A lawyer for the International Brotherhood of Teamsters said to a judge that the union expects more than 10,000 United 'Parcel Service drivers will accept $150,000 buyouts, if the 'delivery -giant can proceed with its planned workforce-cutting plan. Michael Feinberg, a union attorney representing 320,000 UPS employees, gave this estimate when he asked Chief U.S. district Judge Denise Casper to stop UPS from implementing the buyout plan. The Teamsters claim that the union initiated the buyout without negotiations, in violation of the?2023 contract. Teamsters also contend that the provisions of the?2023 contract prohibit UPS from entering such agreements with individual...

The British money manager Aberdeen will vote against a proposed 7,8?billion euros ($9.25 billion),?takeover by a consortium led?by FedEx of the parcel locker company?InPost, claiming that the offer undervalues it materially. According to LSEG 'data, the firm holds a 0.2% share in InPost. It urged InPost to reconsider its support for the "unjustifiably" low 15.60 euros cash offer per share. According to an excerpt from a letter, Matthew Peacock is a research analyst with Aberdeen Investments. He said that the offer was opportunistic and aimed to exploit a temporary drop in the share price to the detriment of long-term shareholders....

FedEx, a global delivery company, announced on Thursday that its?adjusted? earnings for the current holiday season would exceed Wall Street's median estimate. It also set growth goals through 2029. FedEx announced that its earnings for the third quarter, ending February 28, will surpass analysts' expectations. This announcement was made ahead of its annual Investor Day in Memphis, Tennessee where it is headquartered. FedEx compared the average FactSet estimate of $4.01 for each share. FedEx announced in December that its 'third-quarter adjusted earning per share will fall below the reported $4.82 for the second quarter. The third quarter's earnings, which are...

FedEx, the global delivery company, announced on Thursday that its adjusted earnings for this holiday quarter will exceed Wall Street's average estimates and set growth goals through 2029. FedEx announced that its earnings for the third quarter, ending February 28, will surpass analysts' expectations. This announcement was made ahead of FedEx's annual investor day, which is held in Memphis, its headquarters. FedEx used FactSet’s average estimate of $4.01 for this comparison. FedEx announced in December that its adjusted earnings per share for the third quarter would be lower than the reported $4.82 per shares of the second quarter. The 'third...

Teamsters Union announced on Monday that it has sued United Parcel Service for violating their national contract with the new buyout packages? offered by the delivery giant to drivers. The two agreed to a contract ?deal covering 340,000 Teamsters-represented workers in 2023. The ?deal averted ?a strike at UPS, which has more Teamsters-represented employees than any other U.S. company. UPS announced in January that it would close 24 facilities and cut up to 30 000 jobs as it sought to shift away from millions low-profit deliveries to its largest customer, the online retailer Amazon.com. The union stated that "the scope...